Research Output

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Publication

Pivot, persist or perish? Knowledge problems and the extraordinarily tight boundary conditions of entrepreneurs as scientists

2024 , Richard A. Hunt , David M. Townsend , LERNER, DANIEL ANDREW , Katrina M. Brownell

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Publication

Bringing It All Back Home: Corporate Venturing and Renewal Through Spin-ins

2018 , Richard A. Hunt , David M. Townsend , Elham Asgari , LERNER, DANIEL ANDREW

More often than not, corporate acquisitions are expensive and difficult, especially those transacted for the purpose of advancing the aims of corporate entrepreneurship (CE). Motivated by frequent, high-cost failures, firms are experimenting with novel organizational structures and fresh approaches to acquisition-driven CE. In this study, we examine the effectiveness of corporate spin-ins—acquisitions in which the acquired company is founded by former employees of the acquiring firm—in resolving key challenges of CE-motivated acquisitions Using a matched pairwise dataset of spin-in and non-spin-in acquisitions, we discover that spin-ins generate superior outcomes, positioning them as a high-potential facet of CE portfolios.

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Publication

Parental endowments versus business acumen: Assessing the fate of low‐tech, service‐sector spinouts

2019 , Richard A. Hunt , LERNER, DANIEL ANDREW , David M. Townsend